The coinage "Tulipmania" was used to describe a phase, in February 1637, in which some tulip bulbs commanded a price ten times the annual income of a skilled craftsman. The prices also collapsed rapidly and the phrase tulipmania stuck, being used to describe such meteoric highs and lows.

The coinage "Tulipmania" was used to describe a phase, in February 1637, in which some tulip bulbs commanded a price ten times the annual income of a skilled craftsman. The prices also collapsed rapidly and the phrase tulipmania stuck, being used to describe such meteoric highs and lows.